Discuss the Ways in Which the Third World Has Made

question 7

Essay

Discuss the ways in which the Third World has made significant economic and political gains in the past 3-4 decades.What are the most serious economic and political problems still facing many developing nations?

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Definitions:

Opportunity Cost

Letting go of potential advantages from other choices when one is firmly selected.

Scenario 1-5

Hypothetical situations used for planning and analysis that represent a range, from optimistic to pessimistic forecasts.

Movies

Visual entertainment media that often tell a story or convey messages through a sequence of moving images.

Incremental Adjustment

A process of making small modifications or changes in order to improve or correct a system, often used to fine-tune economic policies or strategies.